A tripling of the annual limit on Isa savings to more than £30,000 is the
centrepiece of proposals to be published today to reform savings incentives
while improving the Government’s finances.

The Centre for Policy Studies wants annual contribution limits on Isas and
pensions to be combined into a single cap of £30,000 to £40,000. This would
increase the scope for Isa saving while saving the Exchequer between £600
million and £1.8 billion a year because higher earners would receive less
tax relief on large pension contributions.

It might also persuade people to make smaller pension contributions and bigger
Isa